Consolidated Edison (ED) has seen varying evaluations, with financial institutions like
UBS and
JP Morgan maintaining neutral and underweight ratings respectively, while KeyBanc lowered its price target for ED and Morgan Stanley reduced its price target amid sector headwinds. New York's Governor Hochul has demanded answers from Con Ed regarding a warning for a 2026 blackout, emphasizing against any potential outages. Investing in the company has yielded rewards, with institutional investors noted as the company's biggest bettors, whereas
Wall Street downgrades and insider sales raise questions about Con Ed's future as a regulated-only entity. Significant backlash has seen Con Ed reducing its proposed rate increases; this public pushback lead to lower utility rate hikes. Amidst these events,
Con Edison reported Q3 earnings growth and a strong dividend performance maintaining its place among reliable cheap dividend stocks.Furthermore, there is continuing controversy over proposed rate increases. This has led to vocal public displeasure and pushback from officials against rate hikes set for next year. Yet, Con Ed's stock remains steady due to its strong performance and steady growth.
Consolidated Edison ED News Analytics from Thu, 20 Feb 2025 08:00:00 GMT to Fri, 19 Dec 2025 00:57:00 GMT -
Rating -2
- Innovation 5
- Information 8
- Rumor -7
